Retired in USA

Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

11 Reckless Ways Seniors Spend Their Money

May 13, 2022 · Personal Finance
money
Photo by ub-foto from Shutterstock

Investment fees

While a financial advisor can represent a great asset in matters of retirement planning, make sure you won’t be paying them higher fees than you need to be. Investment fees might run 1-2% of your assets.

For those retirees that have invested over million dollars, that’s almost $10-20k a year. So if you’re only getting an hour of check-in per year, that is an expensive phone call. In case you’re constantly using an advisor, make sure you will go with a service that will match your cost.

And truth to be told, there are lots of online resources (such as this one) that could really improve your skills when it comes to learning financial advice.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A senior man calmly checks his continuous glucose monitor at a sunlit kitchen table next to a cup of coffee and breakfast. New Diabetes Forecast: 3 Blood Sugar Guidelines Changing This Month
  • Illustration of a retired couple looking at a calendar and a compounding growth chart labeled COLA Base. 6 Ways to Boost Your Next COLA Check
  • An older couple sitting on a sunny wooden deck of an affordable home, enjoying coffee and looking out at a peaceful green yard. 8 States Where Your COLA Check Goes Twice as Far
  • A warm gouache and ink illustration of a cozy craftsman cottage nestled in a scenic mountain valley under a soft morning sky. 10 US States Where a $2,000 Social Security Check Covers Rent
  • An older couple reviewing estate planning documents together at a warm kitchen table. 10 Things Retirees Should Remove From Their Wills Immediately
  • A New Yorker-style editorial illustration of a retired couple on a split bench, balanced between heavy savings and floating travel balloons. What Retired Couples Fight About Most Financially - and What It Costs Them
  • Watercolor and ink illustration of small golden coins slipping out of a tiny tear in a leather wallet, representing silent budget leaks. 6 Signs You’re Losing Money Every Month - and How to Find the Leaks
  • An unposed, warm photograph of a retired couple relaxing on a wooden deck by a misty lake in the morning light. You Could Spend 30 Years Retired With Literally No Paycheck, Because These 4 ETFs Pay You Every Month
  • An older couple in a warm kitchen looking over retirement figures on a tablet and notebook during a sunny morning. The 2027 Medicare Part B Premium Projected at $209.50: How to Prepare for the New Deduction
  • An older woman looking out of a window at a foggy, dark forest, representing the hidden risks of scenic retirement spots. America's Unsafest States for Retirees

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

social security homebuying

8 Myths About Homebuying That Will Cost You a Fortune

You need 20% down You’ve probably heard by now that you can’t buy a home…

Read More →
An older couple sitting at a wooden table reviewing financial papers in a warm, sunlit room.

Is Your Pension Keeping Up With Inflation?

Protect your pension income and retirement funds from inflation with actionable strategies to maintain purchasing…

Read More →
An older couple sits at a kitchen table reviewing financial documents, with a magnifying glass and a calendar visible nearby.

The Hidden Costs of Retirement Nobody Talks About

The “Big Three” Unexpected Costs: Healthcare, Housing, and Taxes While life can throw any number…

Read More →
retirement state

Overwhelmed by Retirement? 7 Ways to Overcome All Challenges

1. Higher-than-expected inflation Especially during retirement, money is our biggest issue. And the truth is…

Read More →
strategies for baby boomers

Planning a Secure Retirement? Top 4 Strategies for Baby Boomers

A smiling senior couple uses a tablet and travel books to strategically plan their dream…

Read More →
ss payment

Your $914 Social Security Payment Will Arrive This Late!

In such cases, the Social Security Administration issues a monthly SSI check on the last…

Read More →
A senior couple looking concerned while reviewing financial information on a laptop in a sunlit kitchen.

AI-Generated Tax Mistakes Everyone Should Know About

AI chatbots can make costly mistakes with retiree taxes. Learn about the "training lag," HSA…

Read More →
Tax Cut state

New $6,000 Senior Tax Deduction: How Much You Could Save in 2025–2028

What Is the New Senior Tax Deduction? Under the new tax legislation taking effect from…

Read More →
insurance

5 Must-Have Insurance Any Retiree Should Own

A smiling senior couple relaxes on a garden patio, using a tablet to explore options…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Terms and Conditions
  • Privacy Policy
  • Do not sell my personal information
  • Subscribe
  • Unsubscribe
  • Contact
  • CA Privacy Policy
  • Request to Know
  • Request to Delete

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.